International investment funds have been researching the market to investigate third-party litigation here, a business model of Anglo-Saxon origin that, if successful, would significantly change Portuguese litigation.
As the name suggests, these mutual funds are a third party agent who stands between attorneys and their clients or parties. They are prepared to pay all the costs of the proceedings and will only be paid if the case is successful. Otherwise, they are on fire with the money. The business has already taken some steps in Portugal, focusing mainly on collective redress (so-called collective redress) and commercial arbitration (business-to-business disputes), but it is still in its infancy. The goal of international funds is to expand the client portfolio and the range of claims.
A unique article for subscribers
We value free and independent journalism at Expresso
Did you buy espresso?
Enter the code in E Magazine to continue reading